Cheap Apartments for Rent in the Lexington Terrace Neighborhood of Baltimore, MD from $400 (284 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Lexington Terrace area of Baltimore.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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property at 710 N Fulton Ave

$750 - $1,500

1 To 2 Bedroom Rentals

Available Now

710 N Fulton Ave

BaltimoreMD21217

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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property at 1108 N Bond St

$950 - $1,150

1 To 2 Bedroom Rentals

Available Now

1108 N Bond St

BaltimoreMD21213

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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property at 2572 McCulloh St

$995 - $1,350

1 To 4 Bedroom Rentals

Available Now

2572 McCulloh St

BaltimoreMD21217

Charm City Commute: The Best Baltimore Neighborhoods for Renting Near Top Employers

Explore the best places to live in Baltimore, from Charles Village to Fells Point, with a guide for employees of the city's major employers.

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Showing Results 1-50, Page 1 of 6

Lexington Terrace, Baltimore, MD Local Guide

Cheapest Available Lexington Terrace Apartments for Rent

 

The cheapest available apartment rental in the Lexington Terrace area of Baltimore, MD is a 2 Beds unit found at Penn Square I priced from $797. Renaissance at Reservoir Hill has the second lowest priced unit, which is a 1 Bed apartment currently listed from $880. Here are the most affordable Lexington Terrace apartments for rent in Baltimore, MD:

Apartment ListingModel NameBed/BathPriced From
Penn Square I2 Bedroom/1 Bath B2BR,1BA$797
Renaissance at Reservoir HillOne Bedroom1BR,1BA$880
Campus SquareStudioStudio,1BA$890
Hampton Court ApartmentsOne Bedroom1BR,1BA$900
22 LightOne Bedroom1BR,1BA$915
Saint Paul RegencyStudio apartmentStudio,1BA$925

Best Value Apartments for Rent in Lexington Terrace, MD

As of May 23, 2026 the best value apartment in the Lexington Terrace area is the $0.89 price per square foot 2920 Auchentoroly Ter Model at 2920 Auchentoroly Ter, Unit Unit A2 in the in the Druid Hill Park neighborhood starting from $1,700. The second greatest value Lexington Terrace apartment is the 1034 S Charles St Model at 1034 S Charles St, Unit 1034 starting at $1,695 with a $1.06 price per square foot in the Inner Harbor neighborhood. Here is today’s list of the best values for Lexington Terrace apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
2920 Auchentoroly Ter, Unit Unit A22920 Auchentoroly Ter2BR,1BA$0.89
1034 S Charles St, Unit 10341034 S Charles St2BR,2BA$1.06
Barclay Greenmount3 Bedroom3BR,1BA$0.99
The Chateau and The RivieraRiviera - Two Bedroom2BR,1BA$1.13
1017 Hollins St1017 Hollins St1BR,1BA$1.04
2735 W North Ave, Unit #32735 W North Ave2BR,1BA$1.09
1716 McCulloh St, Unit 21716 McCulloh StStudio ,1BA$0.88
Queen Esther Apartments2 bedroom townhome2BR,1BA$1.05
Renaissance at Reservoir HillOne Bedroom1BR,1BA$1.15
Penn Square I1 Bedroom/1 Bath A1BR,1BA$1.09

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Beyond the Classroom: Discovering Baltimore's Best Student Friendly Neighborhoods

Baltimore Student Housing - Find your perfect rental! Explore top neighborhoods near Baltimore colleges & universities for vibrant student living.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Lifestyle Ratings

This website is proud to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including Lexington Terrace, Baltimore, and the greater Baltimore area. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including searching for the best amenities, and outdoor amenities like tennis courts, kid and pet-friendly communities, availability of transit options, and how walkable or bikeable each community and area is. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Lexington Terrace Apartments

What is the Cheapest Studio apartment in Lexington Terrace?

Currently the most affordable Cheap Studio Apartment in Lexington Terrace is at Campus Square listed at $890.

How much is rent for a Cheap One Bedroom Lexington Terrace Apartment?

The lowest price for a Cheap One Bedroom Lexington Terrace Apartment is $797 at Penn Square I.

What is the lowest price for a Cheap Two Bedroom Lexington Terrace Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lexington Terrace is starting from $797 at Penn Square I.

What is the most affordable Lexington Terrace Three Bedroom Apartment?

The best deal on a cheap Lexington Terrace Three Bedroom Apartment rental is at Renaissance at Reservoir Hill and starts from $1,094.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Helpful Local Expert Guides

decorative image for A Baltimore Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent article

A Baltimore Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent

Written by: Sarah Bregel

There are few cities more eclectic and diverse than Baltimore, Maryland. I should know. I've lived in various parts of Baltimore for most of my life.

decorative image for Beyond the Classroom: Discovering Baltimores Best Student Friendly Neighborhoods article

Beyond the Classroom: Discovering Baltimores Best Student Friendly Neighborhoods

Written by: Sarah Bregel

Baltimore, Maryland is an incredibly vibrant town known for some amazing colleges. I had the pleasure of growing up sandwiched between a few of them.

decorative image for Charm City Commute: The Best Baltimore Neighborhoods for Renting Near Top Employers article

Charm City Commute: The Best Baltimore Neighborhoods for Renting Near Top Employers

Written by: Sarah Bregel

Baltimore, Maryland may have a reputation for being crime-ridden and dirty (you really hurt us, The Wire). But honestly, as a longtime resident, I have to let you in on something: that couldn't be further from the truth.

Articles, How-To's, and Tips

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.